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Commodities•23 April 2026•

1 min read

Russia's Fuel Oil Exports to Saudi Arabia Surge 18% in March Amid Regional Tensions

Key Facts

1Russia's seaborne exports of fuel oil and vacuum gasoil (VGO) to Saudi Arabia jumped 18% in March to 1 million metric tons.

2Soaring oil prices driven by the Iran war reshaped global energy flows according to LSEG and trader data.

Russia's seaborne exports of fuel oil and vacuum gasoil (VGO) to Saudi Arabia jumped by 18% in March, reaching a total of 1 million metric tons. This surge comes as soaring oil prices and regional tensions involving Iran continue to reshape global energy flows. According to data from LSEG and market traders, the shift reflects a strategic realignment of energy logistics in response to ongoing geopolitical instability. Saudi Arabia's increased intake of Russian fuel products highlights a growing trend of trade diversification to meet domestic power demands. Analysts suggest that these figures underscore the resilience of Russian energy exports in navigating international constraints to reach Gulf markets. The movement of these volumes remains a key factor in balancing regional supply amidst persistent market volatility.